Indian economy is poised to do better on the back of reforms undertaken by the government and is expected to clock a 6.5-7 per cent growth in the remaining part of the decade, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Tuesday. Addressing reporters here after the tabling of the Economic Survey in Parliament by Finance Minister Nirmala Sitharaman, Nageswaran said that by and large, inflation is likely to be "well behaved" in FY2023-24 barring headwinds. "My optimism is that in the coming decade, rest of the decade, the potential GDP growth, without taking into account export potential, because global economy is still rife with uncertainty, the growth rate would be around 6.5 to 7 per cent, rather than between 6 per cent and 6.5 per cent," he said.
Gujarat Titans roared back to winning ways with a 38-run mauling of Sunrisers Hyderabad.
rediffGURUS -- who include JEE experts and career counsellors -- are currently helping guide engineering aspirants as they prepare for the upcoming entrance examinations.
rediffGURU Radheshyam Zanwar offers guidance on the various courses students can pursue after completing Class 10 and 12.
India's economy is projected to slow to 6.5 per cent in the fiscal year starting April but will remain the fastest growing major economy in the world as it fared better in dealing with the extraordinary set of challenges the globe has faced, the Economic Survey 2022-23 said on Tuesday. India's gross domestic product (GDP) growth of 6.5 per cent in 2023-24 compares with an estimated 7 per cent expansion in current fiscal year (April 2022 to March 2023) and 8.7 per cent in the previous year. Like the rest of the world, India too faced an extraordinary set of challenges in tightening financial conditions and supply chain disruptions from a prolonged war in Europe but "withstood them better than most economies", the annual document detailing the state of the economy said.
Singapore's long-ruling People's Action Party (PAP), led by Prime Minister Lawrence Wong, has secured a landslide victory in the country's general election. The PAP won 87 of 97 seats, with voters endorsing the party's focus on stability and economic security amidst global uncertainties. Wong expressed gratitude for the strong mandate and vowed to tackle concerns about the cost of living and housing. The results mark a significant win for the PAP, which has been in power since Singapore's independence in 1965.
The RBI under new Governor Sanjay Malhotra on Friday cut interest rate for the first time in nearly five years as the central bank pivoted the policy stance to support a shuttering economy. The 25 basis points rate cut to 6.25 per cent comes after last rate reduction in May 2020. The last revision of rates happened in February 2023 when the policy rate was hiked by 25 basis points to 6.5 per cent.
Congress does unto AAP what Kejriwal's party had done to it in Haryana.
Virat Kohli and Faf du Plessis powered RCB to their best-ever Powerplay score in the IPL.
Reigning Asian champion Jyothi Yarraji broke her own national record twice in the 60m hurdles event at the Elite Indoor Meeting in Nantes, France, clocking 8.04 seconds in the final. Meanwhile, Tejas Shirse won bronze in the men's 60m hurdles with a time of 7.68 seconds.
The GT batters did well at the start and lost their way in the middle before settling for 196 in their 20 overs.
Leading chains plan Rs 40K crore infra revival to close capacity gap over next 3-5 years
'This market for diesel starts at around Rs 6.3 lakh and goes up to Rs 7 lakh, and with Saathi we have our usual price set at Rs 6.5 lakh, so we are slightly on the lower side with a superior product.'
Dozens of Indian immigrants, mostly from Punjab, were deported from the United States after attempting to enter the country illegally. They were returned to India in shackles, having spent lakhs of rupees on the journey. Many of the deportees said they were duped by travel agents who promised them a better life in the US. Their families had sold land, borrowed money, and mortgaged their properties to finance the trip. The deportees are now facing a bleak future, having lost their money and their dreams of a better life in the US.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Padikkal's innings against Punjab Kings wasn't just a return to form -- it was a powerful reminder of his talent, timing, and temperament.
'Amaravati will be a game changer for Andhra Pradesh.'
'I believe that the overall demand for commercial vehicles will improve, even though there is a slowdown in the GDP.'
Alcaraz worked on making his serve more potent in the off-season and was thrilled with how it held up against Nishioka.
Australian Nick Kyrgios came from behind to defeat Mackenzie McDonald 3-6, 6-3, 6-4 in the first round of the Miami Open on Wednesday to earn his first win since October 2022.
Jakob Ingebrigtsen completed a golden double by capturing the men's 1,500 metres title on the final day of the World Indoor Athletics Championships
The systematic withdrawal plan stands out as a superior option, providing steady income despite market fluctuations and inflation, says Ramalingam Kalirajan.
Enthused by higher than expected GDP numbers in the fourth quarter of 2022-23, Chief Economic Adviser (CEA) V Anantha Nageswaran on Wednesday said India's economic growth may exceed the initial estimate of 6.5 per cent in the current fiscal and the country can look for another year of solid economic performance.
Chhaava enters the Rs 500 crore (Rs 5 billion) club, and is the biggest hit of Vicky Kaushal's career so far.
Villarreal fought back to shock Barcelona 3-2 on Sunday, handing the LaLiga champions their first league defeat since late December.
Andhra Pradesh's Jyothi Yarraji and Tejas Shirse of Maharashtra won their third successive gold medals in the women's 110m hurdles and men's 100m hurdles respectively at the National Games in Dehradun.
Mohun Bagan Super Giant extended their positive form with a 2-0 win over NorthEast United FC to move to the top of the table in the Indian Super League in Guwahati on Sunday.
Rohit went past Tendulkar, Dravid, Gayle during his knock.
Arsenal snapped a season-long jinx against Newcastle United with a nervy 1-0 win in their last Premier League home game on Sunday.
Daljit Singh, one of the 116 illegal Indian immigrants deported from the US on Saturday night, has claimed that they were handcuffed with their legs chained during the journey. Singh, who traveled via the 'donkey route', an illegal and risky pathway used by migrants to enter the US, said that he was deceived by a travel agent who promised him a direct flight to the US. The C-17 aircraft that landed at the Amritsar airport on Saturday was the second batch of Indians to be deported by the Donald Trump administration as part of its crackdown on illegal immigrants. A third plane carrying 157 deportees is expected to land at the Amritsar airport on Sunday.
It was not immediately known whether the deportees were in shackles, as the previous batch was.
Chief Economic Advisor V Anantha Nageswaran on Thursday expressed hope that the economy will maintain the trend growth rate of 6.5 per cent and above for the rest of the years in the current decade. The economy will close the current fiscal logging in a growth of 6.5-7 per cent, he said, citing the projections of private sector analysts, Reserve Bank of India (RBI) and international agencies like OECD and the IMF. "This appears to be reasonable at this point in time although we will get the data on the fiscal second quarter in a few days, which will give more clarity on these numbers.
Despite often flying under the radar in discussions about India's all-round options, Axar Patel brings a rare skill set -- a spinner, who bashes spin with his bat, while being a reliable left-arm spinner.
Grandmaster Rameshbabu Praggnanandhaa opens up on beating World Champ D Gukesh to win the Tata Steel Chess Tournament, in Wijk Aan Zee, The Netherlands.
The Malayalam film industry suffered a loss of Rs 650 crore to Rs 700 crore in 2024.
The Cyberster is currently sold in the UK for about Rs 63 lakh and is expected to be priced between Rs 65 lakh and Rs 70 lakhs.
India's champion pacer says bowling to Steve Smith has always been a challenge.
'We don't know which bus is coming next. I know for sure whatever bus comes next, it will miss that too.'
'The market's sharp decline recently has shaken the confidence of retail investors, leading to increased selling.'
